The effect of a tariff on a good in which the domestic industry does NOT have a comparative advantage is
A) an increase in the exports of the good.
B) that the domestic industry's gain is just offset by the consuming public's loss.
C) a reduction in the nation's standard of living.
D) fewer jobs and lower wages for domestic workers in the protected industry.
E) nonexistent if the domestic industry has an absolute advantage.
Correct Answer:
Verified
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